Question about spreads. Has anyone sold any AGEs lately?
jmski52
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I'm looking at the buy prices for various fractional AGEs, and I was wondering if anyone has sold any fractional AGEs lately. What kind of premium did you get on resale, and what denominations did you sell? The buy prices are in the 9% to 14% premium range, and I would like to get a feel for the current buy-sell spreads. Any good data out there?
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
1/2oz - $683 ~ 2%
1/4oz - $356 ~ 6%
1/10oz - $145 ~ 7.5%
When I'm shopping for generic bullion, I don't say whether I'm buying or selling until he gives me his numbers. At least then I have a legit comparison and know that the pricing is probably competitive.
Apmex does have hefty shipping costs, but they execute their end of the bargain very well. Tight spreads tell me that the competition is out there. Good for buyers and sellers both.
Having the tightest spreads doesn't always mean that they have the lowest selling price, but it's a good starting point for further comparison shopping.
We are fortunate in this market to have several good options for bullion purchases, including MCM, Silvertowne, Gainesville, Provident, Apmex, Scotsman, and I've bought some bullion-related coins from Liberty Coin as well. Great Collections sometimes has good prices on bullion-related Buy Now items.
I've been buying more high-premium bullion items lately, so prudence dictates that I start taking a look at a low-premium generic bullion purchase to balance things out. There's always some dollars crying out to be rescued.
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<< <i>Checking APMEX provides an idea of current wholesale/retail prices and premiums paid to melt. Current Buy on generic date BU fractionals show:
1/2oz - $683 ~ 2%
1/4oz - $356 ~ 6%
1/10oz - $145 ~ 7.5% >>
With gold at $1339 current APMEX random year AGE prices are:
1400.99 for one ounce
724.14 for half ounce
375.48 for quarter ounce
153.88 for tenth ounce
re-check your premiums
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A 1.8% spread on 1 ozers is good. Local dealers don't usually have what I'm looking for when I'm looking for it, but I might have to drive up to Ames anyway, just to make a circuit around my old stomping grounds.
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Check out nucleo exchange for 1/10 AGE's I like to go by the 2 biggest lots and average them and see if they match the tightest pair which in this case they do within a buck or so
To me it represents a price point of $15 over on the tenths
Bid Ask
Quantity @ Price each
4 $149.06 1 $150.00
3 $144.00 1 $153.25
500 $143.80 27 $153.27
2 $137.00 500 $154.90
2 $133.50 2 $160.00
3 $100.00 1 $180.00
On nucleo its sort of apparent that the AGE market is all about tenths and 1 oz AGE's , the 1/4 and halfs are thinly traded which jibes pretty well with the real world .
I generally like the tenths , I rarely buy the whole ouncers at currrent spot level but I see the 2 middle sizes at pointless at pretty much any level.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>My bad, the whole time I'm thinking premiums but I now see the thread is about buy/sell spreads. >>
Yeah, I posted the Buy prices with premiums to melt.